Accurate Group, a leading provider of technology-enabled real estate appraisal, title data and compliance services, has launched its Guaranteed Purchase Appraisal Program that’s designed to provide real estate lenders with greater certainty, transparency and more accurate data on residential purchase appraisal costs and turnaround times, allowing them to better manage the origination-to-close loan cycle and improve the borrower’s experience, the company announced in a release.
The Guaranteed Purchase Appraisal Program enables lenders to disclose the exact appraisal cost and a delivery date for each purchase appraisal order. It also gives lenders access to Accurate Group’s Forecasted Appraisal Turn Time Indicator (fatti) analytics framework. The fatti framework provides lenders with customized data on appraisal turn times in their geographic footprint, enabling lenders to better forecast loan cycle times and set dates that exceed borrower expectations, the release stated.
“Our team is laser-focused on developing compliant, meaningful ways to improve the real estate lending experience for both lenders and borrowers,” Accurate Group CEO/President Paul Doman said in the release. “With our Guaranteed Purchase Appraisal Program, lenders gain transparency and peace of mind on the appraisal cost, quality and delivery date. And when lenders combine Accurate Group’s Guaranteed Purchase Appraisal Program with our loan estimate fee calculator, title data and eClosing solutions, they can significantly streamline their loan process and improve the borrower experience.”
Accurate Group’s technology-enabled appraisal process, the company said, combines local appraisal turn time data with the lender’s requested date to confirm a guaranteed appraisal delivery date – resulting in a more streamlined process for the lender and a better experience for the consumer.